Drug prices to plummet in wave of expiring patents

OntarioVanMan · Jul 25, 2011

Thank goodness...for those on Plavex and Lipitor!!

Drug prices to plummet in wave of expiring patents - Yahoo! News

My estimation is at least 15 percent of the population is currently using one of the drugs whose patents will expire in 2011 or 2012," says Joel Owerbach, chief pharmacy officer for Excellus Blue Cross Blue Shield, which serves most of upstate New York.
Those patients, along with businesses and taxpayers who help pay for prescription drugs through corporate and government prescription plans, collectively will save a small fortune. That's because generic drugs typically cost 20 percent to 80 percent less than the brand names.